Sampson L Heath 4
4 · ModivCare Inc · Filed Mar 8, 2023
Insider Transaction Report
Form 4
ModivCare IncMODV
Sampson L Heath
Chief Financial Officer
Transactions
- Award
Performance Restricted Stock Units
2023-03-06+1,022→ 1,022 totalExp: 2026-03-06→ Common Stock (1,022 underlying)
Footnotes (1)
- [F1]Represents the contingent right to receive a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified revenue and Adjusted EBITDA thresholds measured by reference to the issuer's audited financial statements for its fiscal year ending December 31, 2025, subject to the reporting person's continued employment through the vesting date of March 6, 2026. The number of shares of common stock reported assumes a revenue and Adjusted EBITDA performance target achieved that corresponds to a 100% payout level.